This week we revisit the Market Facilitation Program (MFP) payments for 2019. USDA released a calculation for the county payments earlier this week, and we walk through an example. [Read more…] about High Plains Ag Week 8/30/2019
High Plains Ag Week 8/23/2019
This week we’re reviewing some of the discussion from wheat outlooks around the Texas panhandle.
[Read more…] about High Plains Ag Week 8/23/2019
High Plains Ag Week 8/15/2019
Volatility. We’re talking about a lot of unexpected change this week, from the Tyson plant fire causing declines in the cattle market, to an unforeseen WASDE outcome. [Read more…] about High Plains Ag Week 8/15/2019
High Plains Ag Week 8/2/2019
It’s all about Macro this week. The Federal Reserve cut interest rates and there was little movement in Chinese trade negotiations, until Thursday when there was a big movement. We discuss this and more in the August 2nd edition of HPAW. [Read more…] about High Plains Ag Week 8/2/2019
High Plains Ag Week 7/26/19
This week USDA announced round two of the Market Facilitation Program, crops were down, and livestock contracts were up. [Read more…] about High Plains Ag Week 7/26/19
High Plains Ag Week 7/12/19
The July WASDE and tropical storm (possibly hurricane) Barry were points of interest this week. Wheat and corn saw rallies, and there was positive movement in the livestock contracts as well as local cash markets. [Read more…] about High Plains Ag Week 7/12/19
High Plains Ag Week 6/28/19
Price movement was largely range bound this week, right up until the USDA ‘Acreage‘ report was released. [Read more…] about High Plains Ag Week 6/28/19
High Plains Ag Week 6/14/19
There is plenty to discuss in the world of Texas High Plains agriculture this week. Corn contracts rose, cotton in the Texas High Plains is suffering from excess moisture, and Governor Greg Abbott signed legislation creating a state-regulated hemp industry. [Read more…] about High Plains Ag Week 6/14/19
High Plains Ag Week 6/7/19
This week saw range bound movement in most contracts of interest for the Texas High Plains. [Read more…] about High Plains Ag Week 6/7/19
High Plains Ag Week – 5/24/19
This week showed near $0.50 gains in DEC Corn over continued planting delays. By the beginning of next week, expect only 50.0% of the total crop to be planted at most, with significant production states severely behind due to rainfall that will almost certainly lead to prevented plant decisions (if the new MFP announcement doesn’t distort acreage, more on that later). [Read more…] about High Plains Ag Week – 5/24/19